Banque Pictet & Cie SA (formerly Pictet et Cie)

Pictet Group is a Swiss financial company, specializing in asset and wealth management for private and institutional clients.

Bank Category
Stock exchange banks

Banque Pictet & Cie SA is the 14th largest bank in Switzerland in terms of total assets. In 2016 its total assets were 30 240,04 mln CHF, providing the bank with the market share of 0.98%. Banque Pictet & Cie SA is the 3rd largest stock exchange bank in Switzerland (out of 43 banks) having market share of 13.36% amongst the banks of this category.

Rank in Switzerland
14th largest bank

Total Assets (2016)
30 240.04 mln CHF  (-10.59%)

Banque Pictet & Cie SA is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is AA- (very high credit quality). Long-term credit rating assigned to the bank by Moody's is Aa2 (high grade). Banque Pictet & Cie SA participates in deposit guarantee scheme of Switzerland. This scheme covers accounts up to 100 000 CHF per bank per depositor.

Banque Pictet & Cie SA is headquartered in Carouge GE.

Address
Route des Acacias 60, 1211, Carouge GE, Switzerland
Phone
058 323 23 23
Fax
058 323 23 24
BIC (SWIFT)
PICTCHGGXXX
Company Number
CHE-101.358.083
Founded
1805

Financial Positions

Total Assets (2016)
30 240.04 mln CHF  (-10.59%)

In 2016 total assets of Banque Pictet & Cie SA were 30 240.04 mln CHF. Decline compared to the previous period (2015) was -10.59%. The evolution of the total assets of Banque Pictet & Cie SA is shown at Chart 1 below.

Total Assets of Banque Pictet & Cie SA. Chart 1. Total Assets of Banque Pictet & Cie SA.

Market Position and Market Share (among banks in Switzerland)

Total Assets (2016)
14th (market share 0.98%)

In 2016 Banque Pictet & Cie SA was the 14th largest bank in Switzerland in terms of total assets, having 0.98% of market share.

Market share of Banque Pictet & Cie SA Chart 2. Market share of Banque Pictet & Cie SA

Several banks with market shares closest to Banque Pictet & Cie SA are shown below.

RankNameTotal AssetsMarket Share
13 UNION BANCAIRE PRIVEE, UBP SA30431.13 mln CHF0.98%
14 Banque Pictet & Cie SA30240.04 mln CHF0.98%
15 Berner Kantonalbank AG28404.66 mln CHF0.92%
 

Credit Ratings (as of Apr 2016)

Fitch Moody's
AA- (very high credit quality) Aa2 (high grade)

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. Banque Pictet & Cie SA is rated by Fitch and Moody's.

Credit ratings assigned to Banque Pictet & Cie SA as of April 2016 are shown in details in the following sections.

Fitch

Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for Banque Pictet & Cie SA it is set to AA- (very high credit quality), outlook is stable (not likely to change). The rating is not on watch. Short-term issuer default rating for Banque Pictet & Cie SA is set to F1+ (highest short-term credit quality).

Long-Term Issuer Default Rating  AA-
    Outlook  stable
    On Watch  No
Short-Term Issuer Default Rating  F1+
Viability Rating  aa-
Support Rating  5
Support Rating Floor  NF

Viability rating for Banque Pictet & Cie SA is set to aa- (very high fundamental credit quality); support rating is 5 (there is a possibility of external support, but it cannot be relied upon); support rating floor is NF (no floor; no reasonable presumption of potential support being forthcoming).

Moody's

Long-term rating for Banque Pictet & Cie SA it is set to Aa2 (high grade). Long-term bank deposit rating is Aa2 (high grade). Bank financial strength rating is a2. Short-term rating is not assigned.

Long-Term Rating  Aa2
Long-Term Bank Deposit Rating  Aa2
Bank Financial Strength Rating  a2
Short-Term Rating  -
Outlook  stable

Outlook for the ratings of Banque Pictet & Cie SA is set to stable (not likely to change).

Deposit Guarantee

Deposit Guarantee
Yes (up to 100 000 CHF per depositor)

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in Switzerland are obliged to participate in Swiss deposit guarantee scheme.

In the case of Banque Pictet & Cie SA failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Eligible Depositors  private individuals, commercial enterprises and public-sector offices
Covered Accounts  credit balances (e.g. personal accounts, savings accounts, investment accounts, salary accounts, numbered accounts, deposit accounts and current accounts)
Covered Currencies  all
Maximum Protected Amount  100 000 CHF
Paid In Currency  CHF

Further Information

Bank Identifiers

Any bank can be identified for different purposes and hence can have several different identifiers.

BIC

BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.

A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).

BIC of Banque Pictet & Cie SA and its components are shown in the table below.

BIC  PICTCHGGXXX
Bank BIC Code  PICT
Country Code  CH (Switzerland)
Location Code  GG
Branch Code  XXX

Company Registration Number

Company Registration Number is a distinctive code issued upon registration of a new company. This code can be used to find data about the company in a national company register.

Company Number  CHE-101.358.083

European Presence: 7 banks in 7 countries

This bank operates in the following European countries and selected dependent territories of the European countries:

France

Germany

Italy

Luxembourg

Spain

Switzerland

  •  (this bank) Banque Pictet & Cie SA (Carouge GE)

United Kingdom